GARO H. ARMEN - 02 Jan 2022 Form 4 Insider Report for AGENUS INC (AGEN)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGEN	Stock Option (Right to Buy)	Award	$0	+1,900,000		$0.000000	1,900,000	02 Jan 2022	Common Stock	1,900,000	$3.22	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	One-third of the stock options vest on the one-year anniversary of the date of grant, with the remainder vesting in equal quarterly installments thereafter; provided that the Reporting Person maintains a service relationship with the Issuer through each such vesting date.